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Search Results 0 to 11 of about 12 (some duplicates have been removed)
NBC
Jan 14, 2010 7:09am EST
. on wednesday, the panel heard from top bankers. nbc's kelly o'donnell joins us now with more from capitol hill. good morning, kelly. >> reporter: good morning, natalie. yes, they were four of wall street's biggest names who came here ready to say their banks were part of the problem, caused part of the mess, but are still concerned about how much any new rules should change. banks' ceos under oath and under new scrutiny. as washington confronted wall street wednesday -- >> people are angry. they have a right to be. >> reporter: -- top executives from bank of america, morgan stanley, jpmorgan chase and goldman sachs admitted some responsibility in the collapse, like risky mortgage deals -- >> we did eat our own cookie and we choked on it. >> reporter: but they acknowledge they were blindsided by the huge drop in the housing market. the execs put most of the blame on the other guys, like the investment firm lehman brothers that went under in 2008. but their banks survived and are back to making profits only after $700 billion in taxpayer bailouts. >> we've paid back 100% of those fu
NBC
Jan 14, 2010 7:00am EST
. >> but first, let us get you caught up on the overnight developments. the death toll unclear this morning. haitian president rene preval has said the death toll could be around 50,000, but one haitian senator believes that it could soar to as high as 500,000, and there are unconfirmed reports of at least three american deaths. there are some 45,000 americans living and working in haiti. meanwhile, the first u.s. planes carrying food, water and other supplies have started to arrive. u.s. navy ships are headed to the region, one carrying 2,000 marines to assist with security there. we're going to talk to secretary of state hillary clinton about the u.s. response to the disaster in just a moment. >>> but we want to begin on this thursday morning with ann curry, who is in port-au-prince right now, and she has the latest on the disaster. ann, good morning to you. >> reporter: matt, good morning. not since the tsunami has there been a humanitarian crisis that has needed the world's help than this one in haiti right now. it is a country in chaos. [ screaming ] while the widespread damage
NBC
Jan 14, 2010 9:00am EST
, jackson. i'm from holy cross. there's a bunch of us. they brought in ten total doctors, nurses, surgeons, kind of assess, triage, treat -- >> was it hard to raise the funds to make this possible? >> no, no, people want to sgiv. >> outpouring. what is your mission? what are you doing? >> right now, we're here for 20 hours. we've come, we're not going to spend the night. we're here to assess, triage. we've brought supplies. holy cross donated supplies at a moment's notice and we're here to do whatever we can. >> we don't want to hold you -- >> we'll be sending daily flights down, so -- >> terrific. thank you so much. >> appreciate it, guys. thank you. >> that's really the story from here. there are just tons of people coming in and people like anna morrison who are heading into the job of trying to help the people who could not -- they need more than can possibly could arrive. >> all right, ann and al, thanks very much. we're going to check back in with you in a couple of minutes, but first, let's get a check of the rest of the morning's top stories. natalie has the headlines. >> that's ri
NBC
Jan 14, 2010 4:30am EST
karins with the weather channel forecast. bill, with those temperatures that you were showing us last week, i would expect that. this week it's gotten a little bit better. >> a little bit. but it's not going to melt that ice in the house he especially in minnesota. they might have to wait until march to melt that. good morning. of course one of the big stories that's happening or the big story is what's happening in haiti. people are asking me how common is it to see an earthquake like this. official there it was a 7.0. this is around the whole globe. we get one 8.0 or higher. 17.0 to 17.9 are major earthquakes. it happened to be ten miles away from port-au-prince. we have seen pictures of what that devastation can do to poorly built buildings. light rain in texas. everybody is warming up this morning. in the east, travel looks fantastic. temperatures will be warming slowly. we should be sunny in most cases. in the middle of the country, no travel problems either. just light rain from houston and downpours from san antonio south wards. not a bad thursday overall coast to coast. that's
CSPAN
Jan 13, 2010 11:00pm EST
-- new don >> goldman was early to recognize the dangers according to reports, and began to use indexes to protect itself. >> know, first of all, we have research which we will make available that showed -- published research to the world that we were very negative on the housing market's going backed away before 2007 and 2006. our movement in the mortgage market was for us a matter of hedging in managing our risks, because as a syndicator of products, we were usually in the position of finding ourselves long, much like banks that had problems and accumulated, our management protocols to sell down those positions or else stop at servicing clients to one of the syndicate those pools of loans. -- who wanted to syndicate those pools of loans. we wanted to moderate our risk, and you use the term, going short. what we were trying to do was get closer to home. we roll along, and every other financial to institution would have the stuff, we were trying to get back into risk. >> you said that residential mortgages were underwritten. i think you implied that one of the reasons was that there was
CSPAN
Jan 14, 2010 2:00am EST
from an american view? guest: i think you are exactly right. that is the environment that many of us hoped for when it came to washington. that is what the president hoped for. there would be an american way, he was going to bring down the partisanship, and we began the year with a stimulus bill that must $787 billion which was passed with democratic votes. from my standpoint, rather than looking at the coalition's where there are democrats or republicans to support the stimulus plan, health care plan -- that really would enable us to move forward recognizing and that neither party is the repository for having the correct answer. i think, in some ways, the president is driven by the leadership in congress. harry reid and nancy pelosi helped the president make the decision to pass these legislative priorities. getting 218 democrats to vote for a piece of legislation was an easier way to move for a rather than getting 60 democrats and 60 republicans moving legislation forward. they moved to the president in a position that said we recommend you take a more partisan approach and we not
CSPAN
Jan 13, 2010 11:00pm EST
make us think that extreme measures are necessary. we feel we are in an emergency in which it is okay and necessary to give up some of our principals or lights in order to achieve some greater degree of safety. it also gives us the feeling of being in the state of war which has its own implications among them the stereotyping and collectivization of the enemy when you are in a war fi enemy is a group and not individuals so that's another scheme that gets activated, and in addition, it exploits our tendency to circle the wagons and look to authoritarian leaders for guidance. so there's very profound effects of terrorism on public thinking that have to do with fear, with the activation and since of being at war. so, for us as we look at the president and administration's response to the christmas attack one set of questions has to do with whether when leaders embrace or otherwise acquiesce to fear inducing frameworks within which to understand even slight war is a way to be possible for the same leaders simultaneously to build public support for the farsighted sensible responsible
CSPAN
Jan 14, 2010 6:00am EST
filed a brief for the hockey players association and baseball players association of. >> so tell us why this case was important to all these players associations? >> the players are mostly concerned that the leagues not claimed complete immunity from antitrust laws to fix player salaries, to fix the price of tickets to fans across markets, to fix all aspects of competition really to the detriment of players and fans. >> how clear is that today that that's not the case because we listened to the arguments that we listen to the reactions of the justices. we believe that the cannot shield the nfl from all antitrust scrutiny. we think congress decided that. we think a majority of the justices will hopefully agree with that. >> do you think the leak was actually asking for that? >> i think it was very clear by their last questioned when they said, even they could fix the prices of the sale of the independent franchises, and you got a remark from one of the justices, i think the comment was, wow. that it was very clear that they were asking or a broad-based immunity from antitrust law. an
CSPAN
Jan 14, 2010 2:00am EST
. and none of us know where things are going so you have to prudently plan for risk. prudently plan for risk. you had profit in 2008 but i won a question on this because it goes to the overall context of rest, and hopefully it will not be perceived again. at your firm, you triple your assets to $1.10 trillion, a growth rate of 29% when gdp was growing at 23%. tangible equity was 6-1. it was 32-1 against tangible, common equity. and as a balance sheet matter, extensive hedging because of the significant leverage and the risk profile. at the end of the day, and i will press you on this, it seems to me that you survived with extraordinary government assistance, $10 billion in park money, a counterparty with the aig bailout. in your room for wanting to takyour given access -- he becaa bank holding company of the weekend and had access to the top. --talf. you got some relief from mark to market rules. when you look at the amount of leverage that you had, and you look pitcher rapid growth, the you really believe that your risk management in the big picture was sufficient to allow you to s
CSPAN
Jan 14, 2010 6:00am EST
city are with us today. will you join me in recognizing them here in the chamber. [applause] what have we learned from these results into iowans? we learned that the spirit of iowans is not broken regardless of the and adversity we face. as we enter a new decade, a part in the session, and crept into budget, we have some fundamental choices in spite of some real challenges which remain. will we move this date forward by reforming and reorganizing state government? will we continue to be a leader in renewable energy and green job creation and stay on the path to economic recovery? will we continue to make investments in our kids by expanding access to health care and adequate funding for early childhood education and education at all levels? will we fight for the men and women who wear the uniform of the united states military? finally, will we finish our work and overcome the devastations of from the floods and tornadoes and rebuild a stronger, greener, more sustainable state tax [applause] -- sustainable state? [applause] i believe that history teaches us time and time again that the
NBC
Jan 14, 2010 5:00am EST
. >> reporter: a crisis that needs worldwide support. >> stay with us, everyone, "news4 today" continues at 5:00 a.m. >>> our time is 5:00. these are live pictures of a tanker truck fire on the bridge, montrose road bridge going over i-270 this morning. we'll have more on this coming up in just a moment. >> nothing. >> destruction giving way to despair in haiti. tens of thousands feared killed. now the daunting task of helping survivors is well under way. good morning everyone. welcome to "news4 today", i'm eun yang. >> good morning. i'm joe krebs on this thursday, january 14, 2010. take a live look outside right now. 28 degrees still cold but it's going to get a little bit warmer here in the nation's capital. >> we're waiting, every minute. >> and right now still cold under this clear sky. winter constellations twinkling in a black sky. under that starry sky down in the low 20s to mid-to-upper 20s in the district of columbia and prince george's county. elsewhere, very cold out in the mountains just little above zero in many locations there. mid-20s on the eastern shore. off to a clear s
Search Results 0 to 11 of about 12 (some duplicates have been removed)